Credit Specialist

**Western Cape**, Durbanville**

**R50 000**

Our client based in Durbanville is looking for a Credit Specialist with 2 - 3 years experience in the financial services/ lending industry to join their team.

EMPLOYMENT TYPE : Permanent

SECTOR : Finanace

BASIC SALARY : R50 000

START DATE : A.S.A.P / Immediate

**REQUIREMENTS**:

- 2-3 years of experience working in the financial services and/or lending industry
- Honours degree in Finance / Accounting / Mathematics or related
- Preferred: CA(SA)/ACCA/CIMA

**DUTIES**:

- Conduct financial analysis for large loans, assessing the creditworthiness of applicants by examining financial statements, credit reports, and other relevant data sources
- Ensure strict adherence to the credit policy and credit processes to maintain regulatory compliance and minimize risk exposure
- Continuously evaluate and refine the credit granting processes with a strong emphasis on enhancing efficiency and reducing turnaround times, all while staying within the established credit risk appetite
- Facilitate alignment among reviewers and foster effective communication between reviewers and analysts through thorough quality reviews, constructive feedback, and comprehensive training initiatives. This collaborative approach ensures consistency and accuracy in credit assessments
- Regular Catch-Up Meetings with the Analyst Lead: Holding regular catch-up meetings with the Analyst team leader to identify training needs focused on enhancing their understanding of financial statements and management accounts
- Monitoring the performance of existing loans in the portfolio
- Provide input for the monthly credit reporting, focusing on portfolio quality, delinquencies, and credit risk exposure
- Conduct comprehensive reviews of defaulted loans to identify trends and risks that can help improve and refine credit criteria
- Ensuring diligent quality monitoring of reviews to guarantee compliance with credit policy and processes, maintaining alignment and consistency
- Design and maintain the training induction program tailored for new Reviewers
- Oversee the onboarding process and provide comprehensive training and continuous on-the-job support for new Reviewers
- Conduct follow-up training sessions with new Reviewers to ensure adherence to the proper review process and identify any additional training needs before training sign-off
- Keep the training manual for new Reviewers up to date and ensure that it reflects the latest practices and information
- Contribute to monthly workshops aimed at facilitating knowledge exchange and feedback between the Analyst and Reviewer teams
- Provide guidance to ensure adherence to standards will be an essential part of these sessions
- Ensuring continuous financial upskilling of team members, both new and existing, is a key priority in your role
- Manage all administrative aspects related to training, such as maintaining training registers and updating training manuals, to ensure an organized and effective training process
- Stay up-to-date with industry trends, best practices, and emerging technologies in credit risk management, and share knowledge within the team
- Contribute to ongoing process improvement initiatives, including refining credit scoring models, automating processes, and enhancing data analytics capabilities
- Collaborate with cross-functional teams, including sales, operations, legal and business development teams to optimize credit processes and enhance overall credit risk management strategies
- Maintain a customer-centric approach while managing credit-related inquiries and providing support to internal and external stakeholders

**HOURS**:

- Mon - Fri: 08:00 - 17:00
- For more information please contact:
**Front Office